Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3.  why isn’t the value of an asset adjusted as th

 Why isn’t the value of an asset adjusted as themarket value of that asset...

80.2K

Verified Solution

Question

Accounting

 Why isn’t the value of an asset adjusted as themarket value of that asset changes?

Answer & Explanation Solved by verified expert
4.0 Ratings (620 Votes)
Valuation of an asset as per books of account is primarily defined by GAAP which states the measurement basis for different types of asset Some types of assets typcall financial instruments are fair    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

In: Accounting Why isn’t the value of an asset adjusted as themarket value of that asset changes? Why isn’t the value of an asset adjusted as themarket value of that asset changes?

Other questions asked by students

Q

1. Find an equation for the line in the xy?plane that is tangent to the curve...

Basic Math
Q

B) As you think about your personal goals and aspirations, what cognitive fallacies outlined by Wilke...

Psychology
Q

Experts state that consumer behavior and marketing go hand-in-hand. Do you agree that consumer behavior is...

General Management
Q

ACCT Corp. is a manufacturer of truck trailers. On 1 January 2020, ACCT Corp. leased a...

Accounting
Q

Q4 A capacitor having a capacitance of 20 F is connected in series with a...

Physics
Q

Three metal rods made of copper aluminium and brass each 20 cm long and 4...

Physics
Q

S 4x 9 toros of hare h x 4x 9 Use the drop down menus...

Basic Math
Q

A company that produces cell phones has a cost function of C 19x 136x 6414...

Calculus
Q

On February 1, Willmar Corporation borrowed $100,000 from its bank by signing a 12 percent,...

Accounting
Q

Which of the following should you consider when evaluating the general management of a business?...

Accounting
Q

Exercise 16-17 (Algo) Weighted average: Production cost report LO P2 Oslo Company produces large quantities...

Accounting
Q

The challenge for the marketing manager is handling the differences in values and attitudes and...

Finance